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Property Listing Details

1 bed terraced house for sale

Solo Court, Peel Terrace, Stafford ST16

  • Sold subject to contract
  • Investment

£39,000

Property details

  • 1 bedroom
  • 1 bathroom
  • 1 reception room

Features

  • Freehold
  • Mid Terraced Home
  • In Need of Modernisation
  • Double Bedroom & Bathroom
  • Loft Room With WC & Handbasin Off
  • Open Plan Kitchen Living Area
  • Garden to Rear

Listing view statistics

Last 30 days: 22 page views

Since listed: 3581 page views

Description

***for sale by conditional auction with sdl auctions***

A perfect investment opportunity, likely return of £425pcm with a yield in excess of 8%.

This property could be compared to an orange because when you 'peel' back the surface, it will leave you with a sweet taste in your mouth! Yes it needs some updating, but how many properties are in Stafford at this price boasting this amount of space? Comprising an open plan living kitchen on the ground floor, whilst the first floor has a double bedroom and a bathroom, and to the second floor is a loft room with WC and hand basin off. The property also benefits from having a garden to the rear. So get peeling because properties of this size at this price aren't going to hang around for too long!

All interested parties must register on the following link, and click the red 'authorise to bid' button. This link will also provide access to the legal pack when available.

For more details on the conditional, modern method of auction process, please call or visit .

Entrance Porch

Having door to the kitchen/lounge area.

Kitchen/Lounge Area (15' 2'' x 8' 5'' (4.63m x 2.56m))

Having wall mounted units, work top, four ring gas hob with extractor over, base units, integrated oven and plumbing for appliances. Radiator and stairs off to the first floor.

First Floor Landing

Having down lights, radiator, built in cupboard housing the wall mounted gas central heating boiler.

Bedroom (9' 4'' max x 11' 4'' max (2.84m x 3.45m))

Having radiator and stairs off to the second floor loft room.

Bathroom

Comprising wash hand basin with vanity unit under, low level W.C, bath with mixer tap and radiator.

Loft Room (10' 5'' max x 8' 4'' max (3.17m x 2.54m))

Having radiator, Velux window and door to the en-suite.

En-Suite

Comprising wash hand basin and low level W.C.

Agents Notes

We have been advised that the loft room and the adjoining ensuite do not have permission to be used as habitable living accommodation. Purchasers are advised to discuss this with their Solicitors at an early stage but should be aware that the property is a one bedroom property with a staircase from the bedroom leading to the loft room and the adjoining loft room ensuite.

Outside

Having graveled forecourt and shared side access leading to the rear garden.

Tenure

The property is leasehold with a lease term of 99 years commencing from 23/03/1989. We also understand that the purchaser will become a quarter share holder of the freehold interest. Purchasers should seek clarification from their solicitor at an early stage.

Auction Terms

This property is for sale by the Modern Method of Auction (Conditional auction) which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.8% including VAT subject to a minimum of £6,000 including VAT, which secures the transaction and takes the property off the market.

Auction Process

Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found via the following link .
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Conditional Method of Auction, which is operated by sdl Auctions. (Reservation Fee is in addition to the final negotiated selling price.)

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Floorplan

1 Floorplan link

Map & Nearby

Local Amenities

  • Stafford 0.9 miles
  • Penkridge 6.5 miles
  • St Patrick's Catholic Primary School 0.1 miles
  • John Wheeldon Primary Academy 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Stafford 0.9 miles
  • Penkridge 6.5 miles
  • St Patrick's Catholic Primary School 0.1 miles
  • John Wheeldon Primary Academy 0.3 miles

Market stats

Sale activity

Average estimated value for a house in ST16:

  • £146,963
  • Price decrease

  • -£2,249
  • (-1.507%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £140,998
  • Properties sold

    137

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom house in ST16 is currently:

£433 pcm

Recent sales nearby

See all recent sales in ST16
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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
4th Jul 2019 £39,000 Price reduced by £31,000
14th Feb 2018 £70,000 Price increased by £10,000
9th Jan 2018 £60,000 Price reduced by £15,000
8th Jan 2018 £75,000 Price reduced by £7,000
25th Aug 2017 £82,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Dourish & Day. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Dourish & Day for full details and further information.